Akamai Technologies (NASDAQ:AKAM) Posts Earnings Results, Misses Expectations By $0.33 EPS

Akamai Technologies (NASDAQ:AKAM - Get Free Report) released its quarterly earnings data on Thursday. The technology infrastructure company reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.52 by ($0.33), Zacks reports. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Akamai Technologies had a return on equity of 14.47% and a net margin of 12.65%. Akamai Technologies updated its Q1 2025 guidance to 1.540-1.590 EPS and its FY 2025 guidance to 6.000-6.400 EPS.

Akamai Technologies Stock Up 1.2 %

NASDAQ AKAM traded up $0.92 during trading hours on Monday, hitting $77.65. 7,002,705 shares of the company were exchanged, compared to its average volume of 2,456,044. The company has a 50 day moving average of $95.75 and a two-hundred day moving average of $97.84. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.50. Akamai Technologies has a 52-week low of $75.50 and a 52-week high of $113.36. The firm has a market cap of $11.67 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 3.50 and a beta of 0.65.

Analyst Upgrades and Downgrades

AKAM has been the topic of a number of recent research reports. Bank of America lowered Akamai Technologies from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $125.00 to $100.00 in a research note on Friday. HSBC upgraded Akamai Technologies from a "hold" rating to a "buy" rating and set a $121.00 target price on the stock in a research report on Monday, November 11th. Scotiabank reduced their target price on Akamai Technologies from $115.00 to $107.00 and set a "sector outperform" rating on the stock in a research report on Friday. UBS Group began coverage on Akamai Technologies in a research report on Monday, December 16th. They issued a "neutral" rating and a $110.00 target price on the stock. Finally, Royal Bank of Canada reduced their target price on Akamai Technologies from $100.00 to $90.00 and set a "sector perform" rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $107.55.

Insiders Place Their Bets

In other Akamai Technologies news, Director William Raymond Wagner sold 1,000 shares of the company's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $93.38, for a total transaction of $93,380.00. Following the sale, the director now owns 15,719 shares in the company, valued at $1,467,840.22. This represents a 5.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Edward J. Mcgowan sold 10,782 shares of the company's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $98.71, for a total value of $1,064,291.22. Following the transaction, the chief financial officer now directly owns 12,716 shares of the company's stock, valued at approximately $1,255,196.36. This represents a 45.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,782 shares of company stock worth $1,523,951 in the last quarter. 1.80% of the stock is owned by company insiders.

Akamai Technologies Company Profile

Akamai Technologies, Inc provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.